Banks reveals new interest rates after CBN MPR cut

CBN’s 350-basis-point interest rate cut takes the MPR to 23%, but manufacturers warn bank lending rates could keep loans costly for Nigerians and businesses.

Aggregated · originally by Legit.ng

29 Sept 2026, 16:30 WAT · 3 min read

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Banks reveals new interest rates after CBN MPR cut

CBN’s 350-basis-point interest rate cut takes the MPR to 23%, but manufacturers warn bank lending rates could keep loans costly for Nigerians and businesses.

Banks reveals new interest rates after CBN MPR cut

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